_opec-extends-oil-production-cuts-raising-concerns-of-higher-global-prices-here39s-why-that-could-spell-bad-news-for-the.jpg "OPEC+ Extends Oil Production Cuts, Raising Concerns of Higher Global Prices. Here's Why That Could Spell Bad News for the Biden’s Re-election Chances from baazi by bells Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:38
👁 View: 14.3M times
✓ Published: 05-Jun-2024
👁 View: 14.3M times
✓ Published: 05-Jun-2024
Description:
OPEC+ agreed to extend existing oil production cuts of more than 3 million barrels per day through the end of 2025, as well as ongoing cuts of over 2 million barrels per day through September 2024. The cuts could raise global oil prices by prolonging supply restrictions at a time when demand concerns remain. Higher prices could negatively impact the US economy ahead of the 2024 elections. The Biden administration may be concerned about a potential spike in energy costs impacting voters. It has taken some actions to increase fuel supply and tamp down prices.
OPEC+ agreed to extend existing oil production cuts of more than 3 million barrels per day through the end of 2025, as well as ongoing cuts of over 2 million barrels per day through September 2024. The cuts could raise global oil prices by prolonging supply restrictions at a time when demand concerns remain. Higher prices could negatively impact the US economy ahead of the 2024 elections. The Biden administration may be concerned about a potential spike in energy costs impacting voters. It has taken some actions to increase fuel supply and tamp down prices.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_kanlaon-volcano-nagbuga-ng-5000m-na-plume-124-24-oras.webp "24 Oras is GMA Network’s flagship newscast, anchored by Mel Tiangco, Vicky Morales and Emil Sumangil. It airs on GMA-7 Mondays to Fridays at 6:30 PM (PHL Time) and on weekends at 5:30 PM. For more videos from 24 Oras, visit http://www.gmanews.tv/24oras.<br/><br/>#GMAIntegratedNews #KapusoStream<br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA Integrated News Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/>TikTok: https://www.tiktok.com/@gmanews<br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe")
_baazi-124-belal-khan-124-bangla-new-song-2015.webp "Bangla Entertainment")
_bells.webp "vashia - Topic")
_pompey-talk-transfer-rumours-tackled.webp "Mark McMahon is joined by Jordan Cross to discuss the Pompey transfer rumours that have been doing the rounds this summer.")
_sar-di-baazi-karaoke-124-baazi-karaoke-124-sahir-ali-bagga-124-aaima-baig-124-bhaikaraoke.webp "Bhai Karaoke 🅥")
⏲ 7 minutes 20 seconds 👁 10.9K
_red-arrows-and-typhoon-flypast-over-southsea-common-for-d-day-80.webp "Crowds were wowed by a Red Arrows and Typhoon flypast over Southsea Common for D-Day 80")
_talwiinder-x-supreme-sidhu-baazi.webp "ILLEGAL BASS")
_rowdy-baazi-original-mix-124124-underground-music-station-mr-gram.webp "Ketan Jadhav Aka. Mr Gram")
⏲ 3 minutes 7 seconds 👁 868
_kanlaon-volcano-nagbuga-ng-5000m-na-plume-124-24-oras.jpg)
_baazi-124-belal-khan-124-bangla-new-song-2015.jpg)
_bells.jpg)
_pompey-talk-transfer-rumours-tackled.jpg)
_sar-di-baazi-karaoke-124-baazi-karaoke-124-sahir-ali-bagga-124-aaima-baig-124-bhaikaraoke.jpg)
_red-arrows-and-typhoon-flypast-over-southsea-common-for-d-day-80.jpg)
_talwiinder-x-supreme-sidhu-baazi.jpg)
_rowdy-baazi-original-mix-124124-underground-music-station-mr-gram.jpg)
![[+]](/images/menu.gif){kind=small}